The Legislative Fiscal Bureau’s newly released revenue re-estimates show an unexpected $2.6 billion general fund surplus by the end of FY2021, and an even bigger $5.87 billion surplus by the end of the 2021-2023 budget. This is thanks in part to an “unprecedented” $4.4 billion more in tax collections over previous estimates. Read More Budget Blog: “Unprecedented” Tax Collections Lead To Immediate $2.6 Billion Surplus, Could Reach $5.87 Billion By ‘23
The non-partisan Legislative Fiscal Bureau released their May revenues report this week. Overall tax revenues are down by $380 million but are there signs that the state’s economic picture is improving? Read More The Impact of COVID-19: Tax Revenues Down $380 Million
More Positive News For Wisconsin – Wisconsin’s Tax Burden Falls And Legislators Weigh Options for Revenue Surplus Read More Wisconsin’s Tax Burden Falls And Legislators Weigh Options for Revenue Surplus
MacIver News Service | April 22, 2016 – Despite the prediction of liberals that tax cuts would lower the amount of taxpayer money coming into state coffers, revenues are up 4 percent compared to last year. Read More State Revenue Collections Up 4 Percent Over Previous Fiscal Year
Ever wonder about where all those tax dollars you pay to the state government go and how they’re spent? As we approach tax day (April 18 this year thanks to a holiday observed by federal employees, including the IRS), we bring you some facts about how Wisconsin collects and spends your tax dollars. Read More Chart Of The Day – Tax Day 2016